Mudgeeraba, Queensland

NO MANAGER’S UNIT. LIVE OFF SITE

SOLD

Business Description

Long Agreements in place.

Stand-alone Manager’s Office on-site. No unit to buy.

Pool, BBQ and low maintenance gardens only with a Body Corporate Salary of $87,000.

Plenty of upside with this business. Take the initiative and see your profits increase.

Well located townhouse complex near the best schools!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $137,000 Remuneration / Body Corp Salary: $87,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $199,000Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 57Total Units in Letting Pool: 21Permanent Units: 21Outside Agent Units: 25Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

Key Insights:
- Business is for sale with no manager's unit to buy, allowing for a lower initial investment for the buyer.
- Long agreements in place, providing stability and potential for long-term profits.
- On-site manager's office available for use.
- Body Corporate Salary of $87,000, with potential for increase.
- Plenty of potential for growth and increased profits with proactive management.
- Well-located townhouse complex near top schools, making it an attractive option for potential tenants.
- Permanent complex with 57 units, with 21 units in the letting pool and 21 permanent units.
- Accommodation agreement module with a term of 25 years, with 24 years remaining.
- On-site amenities include a pool, BBQ area, and pay TV.
- Manager's apartment valued at $199,000 and allows for pets.

Management Rights Multiplier: 5.20
ROI Estimate: 19.21%